Gardner Denver Announces Pricing of its Initial Public Offering

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Go back to Gardner Denver Announces Pricing of its Initial Public Offering

Gardner Denver, Inc. (GDI) IPO Opens UP 6%

May 12, 2017 10:42 AM EDT

Today's IPO for Gardner Denver, Inc. (NYSE: GDI) opened for trading at $21.25 after pricing 41,300,000 shares of its common stock at $20.00 per share.

Gardner Denver will receive net proceeds of approximately $781 million after deducting underwriting discounts and commissions and intends to use the net proceeds from the offering to redeem all $575 million aggregate principal amount... More